facebook
Traded Co logo
Submit

Seedcamp CEO Reshma Sohoni Acquires Pinecrest Single Family Home From NBA Star Jimmy Butler

Property Image
SOLD
$7,110,000

Florida

See Similar Deals
Single Family Residence7,630 SF
Sold 08/25/2021
the dealplayerscompscontact
Property Image
SOLD

Seedcamp CEO Reshma Sohoni Acquires Pinecrest Single Family Home From NBA Star Jimmy Butler

Pinecrest, FL, USA

See Similar Deals
Single Family Residence7,630 SF
Sold 08/25/2021
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$931
Total Square Footage:7,630 SF
Transaction Type:Sale

A single-family property in Pinecrest, with a total area of 7,630 square feet, was recently sold for a price of $7,110,000. The property was purchased by Reshma Sohoni, who represents Seedcamp, while the seller was Jimmy Butler. Reshma Sohoni was represented by David Siddons from Douglas Elliman, and Jimmy Butler was represented by Michael Martinez from One Sotheby's International Realty. The sale price equated to a price per square foot of $932.

Summary of transaction details:

The transaction took place on August 25, 2021. This sale showcases the involvement of notable individuals and companies in the Pinecrest real estate market, with Reshma Sohoni and Seedcamp securing the property from Jimmy Butler. David Siddons from Douglas Elliman represented Reshma Sohoni, while Jimmy Butler sought the expertise of Michael Martinez from One Sotheby's International Realty as his representative in the sale.

Players

Michael Martinez
18 deals$134.6M volume
BROKER

David Siddons
Douglas Elliman
12 deals$122.3M volume
BROKER

Details

SOLD
IMAGE: Michael Martinez, @JimmyButler 🏀 , David Siddons & Reshma Sohoni DATE: 08/25/2021 MARKET: Pinecrest ASSET TYPE: Single Family BUYER: Reshma Sohoni - Seedcamp SELLER: Jimmy Butler BUYER'S REP: David Siddons - Douglas Elliman SELLER'S REP: Michael Martinez - One Sotheby's International Realty SALE PRICE: $7,110,000 SF: 7,630 ~ PPSF: $932

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$379,200.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$25,260.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,705.03
Annual Debt Service$404,460.33